Biz2Credit Small Business Earnings Report™
About the Report
Biz2Credit Small Business Earnings Report examines the financial performance of businesses that applied for
credit from Biz2Credit.
The study looks at the performance of small to mid-sized firms -- from early
stage to established companies in the U.S. that applied for funding. It's intended to provide a snapshot of
the financial health of businesses nationwide across a wide range of industries.
Key Findings
Small Business Earnings Report
Small businesses in the United States saw an earnings dip in October as rising prices continue to cause consumers to tighten their belts.
However, businesses are preparing for the holiday season with mixed revenue projections as consumers grapple with higher prices.
Avg. Small Business Earnings 2025
(Year-to-date)
Top 5 Industries by Average Earnings
The average earnings in the information technology sector rose as the demand for technologies enabling AI, cloud computing and the “Internet of Things” continue to skyrocket.
Meanwhile, the wholesale trade sector continues to be propelled by continuing consumer preferences to purchase goods through e-commerce.
Takeaways
Economic uncertainty will persist for the remainder of the year, as economists are bracing to see how tariffs, the government shutdown, and increasing inflation will affect consumer spending during the upcoming holiday season.
The main challenges that still remain as the end of the year approaches are:
- Competition for skilled workers remains a stubborn challenge as large corporations continue to offer higher compensation and hybrid work environments.
- Rising inflation caused, in part, by changing and unpredictable tariff policies.
- The ongoing threat of decreased consumer spending, as rising costs continues to chip away at disposable household income.
- Interest rates remain relatively high compared to 2021, despite two consecutive months of rate cuts. This may continue to limit small businesses’ access to funding and make the cost of borrowing high.
The SMB market in the U.S. does have a bright spot, as the Federal Reserve cut the overnight rate by an additional 25 basis points at the end of October. This could further ease borrowing requirements for small businesses and prompt them to seek additional financing to bolster their cash flows.
Methodology
Biz2Credit pulled over 100,000 complete financing applications submitted between October 2022 and October 2025. This report examines a number of variables including annual revenue, operating expenses, age of business, credit score, approval rate, and funding rate.
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Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC. This is not a deposit product. California residents: Itria Ventures LLC is licensed by the Department of Financial Protection and Innovation. Loans are made or arranged pursuant to California Financing Law License # 60DBO-35839
